Which of the Following Is an Advantage of a Limited

question 127

Multiple Choice

Which of the following is an advantage of a limited liability company compared to a corporation?

• A) Unlike a corporation, the members of a limited liability company are personally liable for the business's debts.
• B) Unlike a corporation, the members of a limited liability company need not file articles of organization with the state.
• C) Unlike a corporation, the members of a limited liability company cannot participate actively in management of the business.
• D) Unlike a corporation, the members of a limited liability company are taxed at the individual level only.

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Definitions:

Fearful

Being fearful involves experiencing apprehension or anxiety in response to perceived threats or danger.

Busy Street

A roadway characterized by high levels of vehicular and pedestrian traffic, often found in urban centers.

Secondary Reinforcer

A stimulus that has become rewarding through its association with a primary reinforcer.

Operant Behavior

Behavior that operates on the environment, producing consequences.